Manning & Napier Advisors LLC Makes New Investment in United Dominion Realty Trust, Inc. $UDR

Key Points

• Manning & Napier Advisors acquired 189,195 UDR shares worth approximately $7.6 million, while institutional investors collectively own 97.82% of the apartment REIT.
• UDR reported quarterly EPS of $0.21, exceeding the $0.13 analyst consensus, on revenue of $425.4 million. The company also authorized a buyback of up to 25 million shares.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $41.66 versus the stock’s reported price of $38.38; CEO Thomas W. Toomey separately sold 80,000 shares.

Manning & Napier Advisors LLC bought a new stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 189,195 shares of the real estate investment trust's stock, valued at approximately $7,553,000. Manning & Napier Advisors LLC owned 0.06% of United Dominion Realty Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of United Dominion Realty Trust during the second quarter valued at $75,000. Allworth Financial LP bought a new position in shares of United Dominion Realty Trust in the second quarter worth about $106,000. Westpac Banking Corp purchased a new position in United Dominion Realty Trust in the 2nd quarter worth about $114,000. Finally, Global Retirement Partners LLC bought a new stake in United Dominion Realty Trust during the 2nd quarter valued at about $187,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 80,000 shares of the business's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the sale, the chief executive officer owned 810,455 shares in the company, valued at approximately $31,810,358.75. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.82% of the company's stock.

United Dominion Realty Trust Stock Performance

UDR stock opened at $38.38 on Tuesday. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 9.62 and a beta of 0.70. The firm has a 50-day simple moving average of $38.95 and a two-hundred day simple moving average of $37.45. United Dominion Realty Trust, Inc. has a one year low of $32.94 and a one year high of $42.00. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The company had revenue of $425.40 million during the quarter, compared to analysts' expectations of $423.35 million. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. United Dominion Realty Trust's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. On average, equities analysts forecast that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current fiscal year.

United Dominion Realty Trust announced that its board has approved a stock buyback program on Monday, May 4th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have commented on UDR shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $44.00 target price on shares of United Dominion Realty Trust in a research note on Friday, August 14th. Evercore reissued an "outperform" rating on shares of United Dominion Realty Trust in a research note on Monday, June 8th. Jefferies Financial Group upgraded United Dominion Realty Trust to a "strong-buy" rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded United Dominion Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. Finally, Mizuho raised their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a "neutral" rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.66.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust NYSE: UDR is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company's core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR's business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.

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